What is Dext's Bank Statement Converter?
Dext (formerly Receipt Bank) is an all-in-one document management platform for accounting firms. While it's primarily known for receipt scanning and expense management, Dext also offers bank statement extraction as an add-on feature.
The platform supports over 500 global banking institutions and extracts transaction data from PDF and TIFF files. Dext processes 75% of statements in under 4 hours, with digital PDFs from online banking often ready in minutes.
However, Dext's bank statement converter is designed as part of a broader document processing suite—not as a standalone tool for accounting firms that primarily need bank statement conversion.
How Dext Processes Bank Statements
Core Features
File Support
PDF & TIFF files, up to 50MB and 300 pages
Processing Speed
Under 4 hours for 75% of statements
Bank Coverage
500+ global banking institutions
Accuracy
99.9% across all document types
Dext's bank statement extraction works by uploading PDF or TIFF files (scanned or digital) into the platform. The system extracts transaction data and generates a CSV file for import into accounting software like Xero, QuickBooks, or Sage.
Files must meet minimum quality standards: 200dpi resolution for scanned statements, consistent formatting throughout the document, and single-account statements only. Multi-account PDFs are automatically rejected.
Automatic Rejections
Dext rejects statements that contain:
- •Multiple accounts in a single PDF
- •Poor-quality scans or blurry images
- •Missing pages or incomplete statements
- •Inconsistent formatting throughout the document
Note: Rejected statements are not charged, but require manual resubmission after corrections.
Dext Pricing Model: Per-Client + Add-On Bundles
Dext uses per-client pricing designed for accounting firms managing multiple clients. Plans start at $234.99/month for 10 clients (billed annually), which works out to $23.50 per client per month.
Each plan includes a limited number of free bank statement extraction credits. Once you exceed the included allowance, you must purchase additional bank statement bundles at an extra cost.
Dext Pricing Breakdown
Annual billing required. Plans scale up to 50 clients at $848.99/month.
For more detailed pricing analysis, see our Dext per-client pricing breakdown. Also explore other alternatives to find the best fit for your needs.
Limitations for Bank Statement Processing
While Dext is a powerful all-in-one platform, it has specific limitations for firms focused primarily on bank statement conversion:
Multi-Account Statements Rejected
Dext automatically rejects PDFs containing multiple accounts (e.g., checking + savings + credit card in one statement). You must manually split these before uploading, adding extra workflow steps.
Bundled Features You May Not Need
Dext includes receipt scanning, expense management, and invoice processing—features you're paying for even if you only need bank statement conversion. This creates platform bloat and complexity.
Per-Client Pricing at Scale
At $23.50 per client per month, costs scale linearly. A firm with 30 clients pays $705/month, and 50 clients costs $848.99/month—significantly more than unlimited alternatives.
Limited Bank Statement Credits
Each plan includes only a limited number of free bank statement extractions. Heavy users must purchase additional bundles, creating unpredictable monthly costs during tax season or high-volume periods.
These limitations make Dext less ideal for accounting firms and bookkeepers that process high volumes of bank statements or need multi-account detection without manual preprocessing. Consider specialized bank statement converters for better results.
Zera Books: Focused on Unlimited Bank Statement Processing
Zera Books is a financial document conversion platform built specifically for accounting firms that need high-volume bank statement processing without the complexity of an all-in-one suite.
Unlike Dext's bundled approach, Zera Books focuses on four core document types: bank statements, financial statements, invoices, and checks. This streamlined focus eliminates platform bloat while delivering the exact features accounting firms need.
Unlimited Processing
$79/month flat rate with unlimited bank statement conversions. No per-client fees, no usage caps, no add-on bundles.
View pricing details →Multi-Account Auto-Detection
Zera AI automatically detects and separates checking, savings, and credit card accounts in a single PDF. No manual splitting required.
AI Transaction Categorization
Built-in AI auto-categorizes transactions for QuickBooks and Xero chart of accounts. No manual tagging needed.
Learn about AI categorization →Direct QuickBooks & Xero Integration
Export pre-formatted files for QuickBooks and Xero with transactions already categorized.
Key Technology: Zera AI
Zera AI is trained on 2.8+ million real bank statements and 847M+ transactions, validated by 50+ CPA professionals. Unlike Dext's template-based approach, Zera AI dynamically recognizes any bank format without training.
No template training required
Works with any bank format instantly
99.6% extraction accuracy
Specifically on bank statements
Handles scanned PDFs
95%+ accuracy on image-based statements
Automatic format adaptation
No updates needed when banks change layouts
Dext vs Zera Books: Side-by-Side Comparison
| Feature | Dext | Zera Books |
|---|---|---|
| Pricing Model | $234.99/mo for 10 clients + add-on bundles | $79/mo unlimited |
| Bank Statement Limits | Limited credits, then paid bundles | Unlimited conversions |
| Multi-Account Detection | ❌ Rejects multi-account PDFs | ✅ Auto-detects & separates |
| AI Transaction Categorization | Category suggestions only | ✅ Built-in auto-categorization |
| Document Types | Bank statements, receipts, invoices, expenses | Bank statements, financial statements, invoices, checks |
| Platform Focus | All-in-one (includes expense management, receipt scanning) | Financial document conversion only |
| Extraction Accuracy | 99.9% across all documents | 99.6% on bank statements |
| Template Training | Required for complex formats | ❌ Not needed (Zera AI) |
| Processing Speed | Under 4 hours (75% of statements) | Minutes for most statements |
| QuickBooks/Xero Export | CSV export | Pre-formatted with categorization |
| Client Management | ✅ Built-in dashboard | ✅ Built-in dashboard |
| Annual Contract | Required for best pricing | Month-to-month available |
When to Choose Each Tool
Choose Dext if you:
- Need full-suite document management (receipts, expenses, invoices, AND bank statements)
- Have a small number of clients (10 or fewer)
- Process low volumes of bank statements per month
- Only work with single-account statements (no multi-account PDFs)
- Want integrated expense management features
Choose Zera Books if you:
- Process high volumes of bank statements monthly
- Manage 10+ clients (costs scale linearly with Dext)
- Need multi-account auto-detection (no manual splitting)
- Want AI transaction categorization built-in
- Prefer unlimited processing with predictable costs
- Don't need receipt scanning or expense management
Bottom line: Dext is ideal if you need an all-in-one platform and process low volumes. Zera Books is built for accounting firms focused on high-volume bank statement conversion with month-end close efficiency and unlimited processing.
